Global Thermoplastic Elastomers - Demand and Sales Forecasts, Market Share, Market Size, Market Leaders

Study #: 3825 | Published: 09/2020 | Pages: 309 | Individual User License: US$ 6,500

Global demand for thermoplastic elastomers is forecast to expand 3.0% annually to 7.0 million metric tons valued at $25.8 billion in 2024, driven by:

slow but steady market penetration of TPEs in both developing and developed parts of the world, supported by:
the advantages TPEs offer over thermoset rubber, including processability and tailorability
the development of new TPE grades and compounds
growth in the medical market, which requires higher value and products and is therefore helping shift the product mix toward more expensive elastomers
healthy growth in India and other countries in the Asia/Pacific region with strong developing economies

TPEs Continue to Penetrate Motor Vehicle Market, Especially Soft-Touch Interiors

TPE suppliers can find the most opportunities in the motor vehicle market. Those suppliers targeting the Asia/Pacific region will benefit from emerging motor vehicle markets in such countries as China, India, and Thailand, where penetration rates for TPEs lag those of developed countries. Since penetration rates are low, opportunities are numerous, including for the replacement of EPDM rubber in such standard components as door and window seals.

In developed countries, TPEs are beginning to reach maturity in exterior and structural motor vehicle components. However, there is still room for growth, particularly in interior skins and components, where increasing demand for soft-touch feel will continue to drive greater use of TPEs. Engine applications are another growth area, where ease of processing and increasing performance characteristics will lead TPEs to overtake rubber.

Styrenic Block Copolymers Will Remain By Far the Largest Product Category

Styrenic block copolymers (SBCs) are expected to remain the most used type of TPE globally through 2024, when they will account for 37% of demand. Demand for SBCs is concentrated in the Asia/Pacific region as:

SBCs are widely used in footwear manufacturing, of which China is a global leader. However, footwear manufacturing will continue to shift to smaller markets in the region, including India, Indonesia, and Vietnam.
Continuing uptake of SBCs in home appliances and other consumer products where soft-touch applications will also boost demand.

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1. Executive Summary

2. Overview

Study Scope & Definition

Demand by Region

Demand by Product

Production by Region

Near-Term Impact of COVID-19

International Trade

Pricing Trends

Sustainability & New Product Development

3. Styrenic Block Copolymers (SBCs)

Scope & Definition

Demand by Region

Demand by Market

Suppliers

4. Thermoplastic Polyolefins (TPOs)

Scope & Definition

Demand by Region

Demand by Market

Suppliers

5. Polyolefin Elastomers (POEs)

Scope & Definition

Demand by Region

Demand by Market

Suppliers

6. Thermoplastic Polyurethanes (TPUs)

Scope & Definition

Demand by Region

Demand by Market

Suppliers

7. Thermoplastic Vulcanizates (TPVs)

Scope & Definition

Demand by Region

Demand by Market

Suppliers

8. Copolyester Elastomers (COPEs)

Scope & Definition

Demand by Region

Demand by Market

Suppliers

9. Specialty Thermoplastic Elastomers

Scope & Definition

Demand by Region

Demand by Market

Suppliers

10. Markets

Demand by Market

Motor Vehicles